The Dialogue by Wirepoints
The Dialogue by Wirepoints
The Dialogue by Wirepoints
Episode 11: Illinois passed the $500 billion mark for pension debt
41 minutes Posted Nov 20, 2021 at 12:15 am.
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Illinois just reached an alarming milestone: each Illinois household is now on the hook for, on average, $110,000 in government-worker retirement debts. That figure is the result of dividing Illinois’ $530 billion in state and local retirement shortfalls among the state’s 4.9 million households. In 2019, the burden was $90,000 per household.